A report released earlier today by Panmure Gordon about Savannah Petroleum Plc (LON:SAVP) keeps the target price at 70.00GBX
- Updated: September 26, 2016
Having a price of 30.50GBX, Savannah Petroleum Plc (LON:SAVP) traded -2.06% lower on the day. With the last stock price close up 12.95% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. SAVP has recorded a 50-day average of 30.32GBX and a two hundred day average of 26.34GBX. 128,500 shares of the stock were exchanged, down from an avg. volume of 385,317
Savannah Petroleum Plc (LON:SAVP) had its target price hold steady to 70.00GBX by Panmure Gordon in a report issued 9/27/2016. The updated price target implies a possible upside of 1.30% from the company's last stock close price.
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Savannah Petroleum Plc has with a 52 week low of 23.62GBX and a 52 week high of 38.00GBX and has a market cap of 0 GBX.
In addition to Panmure Gordon reporting its stock price target, a total of 3 brokerages have issued a ratings update on the stock. The consensus target price is 1.23GBX with zero equity analysts rating the company a strong buy, three brokerages rating the company a buy, zero analysts rating the stock a hold, zero equity analysts rating the company a underperform, and finally 0 analysts rating the company a sell.
Brief Synopsis On Savannah Petroleum Plc (LON:SAVP)
Savannah Petroleum PLC is a United Kingdom-based oil and gas company. The Company's principal activity is the management of its investment in Savannah Petroleum 1 Limited (SP1). SP1 is a subsidiary of the Company. SP1 is engaged in the management of its investment in Savannah Petroleum 2 Limited (SP2) and the provision of services to other companies within the Company. SP2 holds interest in Savannah Petroleum Niger R1/R2 S.A. (R1/R2), which is engaged in the exploration of hydrocarbons in the Republic of Niger. The Company is focused around the exploration, appraisal and anticipated development of the R1/R2 and R3/R4 production sharing contracts in South East Niger. The Company's permits are located within the Agadem Rift Basin. R1/R2 is located in the north, northwest and central areas of the Agadem Rift Basin. R3/R4 is located on the south west and south east flanks of the Agadem Rift Basin. Its permits cover an area of approximately 13,650 square kilometers.
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